Former 2nd deputy Governor of the Bank of Ghana, Dr. Johnson Asiama has indicated that should government had followed up on engagements and correspondents he had had with now distressed gold trading for Menzgold, the issue would have been resolved by the end of 2017. According to him, he had engaged the leadership and management […]
Former 2nd deputy Governor of the Bank of Ghana, Dr. Johnson Asiama has narrated how he was called by the Finance Minister, Ken Ofori Atta and asked to resign so that the president could appoint his own person to fill the position. According to him, his departure from the Central Bank had nothing to do […]
The Ghana Union of Traders Association (GUTA) says they are still reeling under high import duties at the various ports and points of entry. National Organizer for GUTA, Clement Boateng explains that local businesses continue to suffer as a result of the inability of the government to take steps to ensure a reduction of import […]
The ruling New Patriotic Party Member of Parliament for the Afutu Constituency in the Central Region, Alexander Afenyo Marking has said in as much as the majority of Ghanaians would not consent to government using the tax payer’s money to pay customers of distressed gold trading firm Menzgold, government must find way of liaising with […]
President Nana Addo Dankwa Akufo-Addo has assured the people of Ghana and the private sector that his Government will continue to work to create a stable economic framework and positive outlook for businesses. According to President Akufo-Addo, “The days when economic indicators went haywire and through the roof are over. The days of disarray in […]
Former employees of defunct capital bank will from Friday, January 18, 2019 begin receiving the severance packages. A statement issued by the joint receivers of the now defunct bank has confirmed. The current information is a follow up on an earlier press release issued in the dailies on the 10th of January 2019. This news […]
First Sky Group, owners of First Sky Construction, First Sky Commodities and Volta Serene Hotel have donated an amount of GH₵1 million to the National Road Safety Commission (NRSC) and the Ministry of Roads and Highways to help curtail road accidents through education and road safety campaigns. The company, which has over the years spent […]
Management of Databank has refuted recent claims in the media that it is dealing in gold collectibles. A statement issued in Accra by Gillian Hammah, Group Chief Marketing Officer of Databank, said, “We would like to assure our customers and the Ghanaian public that this claim is false. “We are not licensed to deal in […]
Government in collaboration with Bloomberg today Monday January 14, 2019 launched the Bloomberg Media Initiative Africa training programme in financial journalism. The event which took place at the Kempinski Hotel saw officials of Bloomberg and scores of government officials in attendance. Minister for education, Dr. Mathew Opoku Prempeh in a speech said it was important […]
The approach of the Ghanaian government and its regulators to “managing” struggling banks in Ghana has evolved yet again. From majority state-owned banks doing “purchase and assumption”, we moved to “resolution and consolidation”, and now we are on the cusp of state-directed, privately financed, transactions to “save” solvent but capital non-compliant banks. Instead of the Government bearing […]
The strong will of the government towards industrialization will ultimately help to strengthen and broaden the country’s micro, small and medium enterprises environment, according a deputy Trade and Industry Minister, Carlos Kingsley Ahenkorah. Speaking at a Partners’ Appreciation Awards organized by the National Board for Small Scale Industries (NBSSI) in Accra, he said that it […]
Axxela Limited, sub-Saharan Africa’s preferred fast-growing gas & power portfolio company, has signed a Gas Transportation Agreement (GTA) with the West African Gas Pipeline Company Ltd. (WAPCo) to transport over 15 million standard cubic feet per day (“mmscf/d”) of natural gas via the West African Gas Pipeline (WAGP) to Lome, Togo. During the signing ceremony […]
